Dunkin’ Brands Group’s (DNKN) Equal Weight Rating Reiterated at Stephens
Dunkin’ Brands Group, Inc. (NASDAQ:DNKN)‘s stock had its “equal weight” rating reaffirmed by analysts at Stephens in a research note issued to investors on Wednesday. They presently have a $54.00 price target on the restaurant operator’s stock. Stephens’ price objective suggests a potential upside of 1.45% from the stock’s current price.
Other analysts have also recently issued reports about the stock. Wedbush reissued a “hold” rating and issued a $54.00 price objective on shares of Dunkin’ Brands Group in a research note on Monday, May 15th. BMO Capital Markets upped their target price on shares of Dunkin’ Brands Group from $46.00 to $52.00 and gave the stock a “market perform” rating in a research report on Monday, May 15th. Maxim Group upped their target price on shares of Dunkin’ Brands Group from $61.00 to $64.00 and gave the stock a “buy” rating in a research report on Monday, May 1st. BidaskClub lowered shares of Dunkin’ Brands Group from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Finally, Argus upgraded shares of Dunkin’ Brands Group from a “hold” rating to a “buy” rating and increased their price objective for the company from $58.84 to $68.00 in a research report on Tuesday, June 6th. Five equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $55.80.
Shares of Dunkin’ Brands Group (DNKN) opened at 53.23 on Wednesday. The firm has a 50-day moving average of $55.55 and a 200 day moving average of $54.78. Dunkin’ Brands Group has a 1-year low of $43.81 and a 1-year high of $59.70. The stock has a market cap of $4.91 billion, a price-to-earnings ratio of 23.98 and a beta of 0.22.
Dunkin’ Brands Group (NASDAQ:DNKN) last released its quarterly earnings data on Thursday, May 4th. The restaurant operator reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.06. Dunkin’ Brands Group had a net margin of 24.81% and a negative return on equity of 133.92%. The firm had revenue of $190.70 million during the quarter, compared to analysts’ expectations of $192.36 million. During the same period in the previous year, the company earned $0.44 earnings per share. The firm’s quarterly revenue was up .5% on a year-over-year basis. Equities research analysts forecast that Dunkin’ Brands Group will post $2.43 earnings per share for the current year.
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A number of hedge funds have recently modified their holdings of DNKN. Manning & Napier Advisors acquired a new stake in shares of Dunkin’ Brands Group during the fourth quarter worth about $15,538,000. Janus Capital Management raised its stake in Dunkin’ Brands Group by 21.4% in the third quarter. Janus Capital Management now owns 5,470,865 shares of the restaurant operator’s stock worth $268,073,000 after buying an additional 962,730 shares during the last quarter. Tower Bridge Advisors purchased a new stake in Dunkin’ Brands Group during the fourth quarter worth $6,994,000. Webster Bank raised its stake in Dunkin’ Brands Group by 1.6% in the fourth quarter. Webster Bank now owns 82,225 shares of the restaurant operator’s stock worth $3,502,000 after buying an additional 1,289 shares during the last quarter. Finally, BB&T Securities raised its stake in Dunkin’ Brands Group by 36.2% in the fourth quarter. BB&T Securities now owns 862,601 shares of the restaurant operator’s stock worth $36,738,000 after buying an additional 229,338 shares during the last quarter. Institutional investors own 94.32% of the company’s stock.
About Dunkin’ Brands Group
Dunkin’ Brands Group, Inc is a franchisor of quick service restaurants (QSRs) serving hot and cold coffee and baked goods, as well as hard serve ice cream. The Company franchises restaurants under its Dunkin’ Donuts and Baskin-Robbins brands. The Company operates through four segments: Dunkin’ Donuts-U.S., Dunkin’ Donuts International, Baskin-Robbins International and Baskin-Robbins-U.S.
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